Stocks
Cardano Invests $154 Million in Cisco Systems Amid AI Networking Boom
Cardano Risk Management B.V., an investment firm, has invested $154.06 million in Cisco Systems, Inc. (CSCO) by purchasing 1,311,581 shares of its stock during the second quarter.
This investment accounts for approximately 1.2% of Cardano's portfolio, making CSCO its 24th largest holding.
The move comes as Cisco continues to grow its business in the AI networking space, with the company recently raising its fiscal 2026 AI infrastructure order forecast from $5 billion to $9 billion.